S&P 500 futures were rejected at overhead price resistance, sending stock market futures lower into Monday morning trade.
The U.S. cash markets are closed due to the holiday, so volume is lower.
Traders will look for higher supports to hold (see levels in today’s video).
Commodities… Oil traders are turning bullish, while gold traders watching a key test of support.
Patterns across several key markets are beginning to converge around very key levels so I suspect we are near a point of greater resolution on broader time frames for the market.
Enjoy today’s video.
Stock Market Futures Video Update – January 21, 2019
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The author trades stock market futures every day and may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
